Effects of interest rate on underpricing of US IPOs

• Main Authors: Lim, Eric Cheng How, Yang, Raphael Shi Jun, Tay, Rongming
• Other Authors: Kong, Yoon Kee
• Format: Final Year Project
• Published: 2008
• Subjects: DRNTU::Business::Finance::Equity
• Online Access: http://hdl.handle.net/10356/10297
• Institution: Nanyang Technological University

This paper investigates the relationship between market-wide interest rate, using U.S 30-day Commercial Paper rate as a proxy, and the uderpricing of U.S IPOs issued between 1985-2003.